Greece announces €1.6bn relief package to tackle population decline

Greece announces €1.6bn relief package to tackle population decline

Government to use tax breaks and other financial incentives to encourage people to have more children

Greece has announced a €1.6 billion relief package aimed at combating a demographic crisis. The government is worried about shrinking population, aging citizens, low birth rates (about 1.4 children per woman), and projections that by 2050, over a third of the population will be over 65. Measures in the package include tax cuts, exemptions for low-income large families, incentives for living in rural areas, more affordable housing, and pension increases.